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Markets
The agency proposes releasing 482 MHz of radio spectrum specifically for satellite-to-phone technology. It also seeks to eliminate major regulatory hurdles facing these services.
New to this? Read: Reading a stock chart
HotReddit
Shares of Reddit declined by 29 percent on October 30, marking the largest single-day percentage loss in the company's history.
HotSector Rotation
Defensive sectors led gains Friday, with the Nasdaq-100 dropping 2.7 percent. Regeneron jumped 12 percent after reporting strong third-quarter results.
Gold
Gold prices continued their decline, dropping 3 percent to reach $3,908.13 per ounce.
Markets
Deutsche Bank strategist George Saravelos warns that an AI-driven U.S. equity correction could pressure the dollar. He notes that foreign investors hold over $20 trillion in U.S. stocks, with 90 percent of that value from price gains.
HotIntel Credit
Markit data shows Intel's five-year credit default swap spread hit 123.5 basis points, its largest daily shift since late 2022.
HotAI Spending
Broad market weakness hit AI, chip, and crypto names, causing Intel and Reddit to drop sharply. Amazon rebounded from early losses despite a weak earnings report.
Fast headlines, summarized. Not verified and not advice. Check the full story before you act.